This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. PMI created a corporate chief risk officer in 2003. Why did that happen, and when did you arrive on the […]
Matt Kelly
Posted inInternal Controls
Director Of Control Assurance At Rinker On Risk, SOX 404
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. Describe your duties? I report to the audit committee and serve as their secretary. I am the ethics officer, so […]
Posted inFrom the Archive
Software Firm Execs. Discuss Their Recent SAS 70 Report
In the wake of Section 404 of Sarbanes-Oxley, Compliance Week has written extensively about SAS 70 Type II audits. (see coverage below, right.) The audits have become increasingly important for some public companies; management has to assess the effectiveness of the company’s internal control over financial reporting, and critical outsourced services that might materially impact […]
Posted inInternal Controls
Getting Through A SAS 70 Audit: First-Hand Experience
In the wake of Section 404 of Sarbanes-Oxley, Compliance Week has written extensively about SAS 70 Type II audits. (see coverage below, right.) The audits have become increasingly important for some public companies; management has to assess the effectiveness of the company’s internal control over financial reporting, and critical outsourced services that might materially impact […]
Posted inTechnology
Case Study: Entity, Document Management At Valeant
This “case study” is the latest in a series of articles aimed at helping public companies understand how other organizations are using technology to comply with new regulations and standards. These are not advertisements or marketing vehicles for the companies mentioned; Compliance Week’s editorial staff speaks with the public company that has deployed the technology, […]
Posted inInternal Controls
Schering-Plough’s Corporate Secretary Talks Governance
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. What’s your role at Schering-Plough? I’m corporate secretary. I also head up securities law, corporate governance, corporate finance, treasury, and […]
Posted inInternal Controls
Spreadsheet Blues: Few Controls Yield Many Weaknesses
Hussain Hasan, managing director of technology risk management services at the Chicago accounting firm RSM McGladrey, does not mince words when discussing how poorly spreadsheets satisfy the requirements of The Sarbanes-Oxley Act of 2002. “They don’t at all,” Hasan says. “Most public companies should not use spreadsheets as their main financial tool.” Hasan Such criticism […]
Posted inInternal Controls
Federal Agencies Face New Internal Control Standards
Corporate controllers exhausted from the Sarbanes-Oxley Act can take one bit of grim solace this summer: Their public sector colleagues will soon join them. “Circular A-123,” the federal government’s version of SOX to manage its own operations, will mandate drastic new internal control assessments from all government agencies when fiscal 2006 begins on Oct. 1. […]
Posted inInternal Controls
404 Compliance In Year Two Isn’t Getting Cheaper
So much for “better luck next year.” A new survey of public companies indicates that a solid majority of them will struggle through Sarbanes-Oxley compliance in 2005 much as they did in 2004: understaffed, overworked, and awash in a sea of manual controls that require expensive testing and remediation. Hopes that last year’s inaugural efforts […]
Posted inInternal Controls
Hailing Sarbanes-Oxley “Champions” At Arrow Electronics
This profile is the latest in a series of weekly conversations with executives at U.S. public companies who are currently involved in establishing and developing compliance programs. An index of previous conversations is available here. Your title is corporate controller. Are you personally in charge of governance and compliance at Arrow? Well, I’m controller. Along […]